Friday, May 30, 2025

Latest

RavenQuest BioMed To Lose Final Health Canada License

It seems that its all over for RavenQuest BioMed (CSE: RQB) as a licensed cannabis grower. The company issued a late night news release Monday, indicating that due to not having access to the Markham, Ontario facility Health Canada would be revoking the license.

The news of the license revocation follows the news last month that the company had lost its license at its Edmonton-based Alberta Green Biotech facility also due to losing access. The loss of access was the result of RavenQuest failing to pay its lease on the facility, which ultimately resulted in the landlord acquiring a court order to seize assets to cover debts owed.

The Markham facility has long been suspected of not cultivating product while the company has continued to say otherwise. The Deep Dive provided a special report back in early February, providing evidence that cultivation was likely slowed at the facility due to apparent inactivity at the site. Neighbours to the facility had indicated that the smell of cannabis used to permeate the facility but it had not been smelt for “some time.”

The company did not provide a specific timeline for the revocation of it’s Health Canada license, however it’s anticipated to be filed this Friday with the agencies weekly license update.

RavenQuest BioMed last traded at $0.01 on the CSE.


Information for this briefing was found via Sedar and RavenQuest Biomed. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

4 Responses

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Will RavenQuest Biomed Survive Another Six Months?

RavenQuest Biomed Inc (CSE: RQB) released its third quarter financials last night, posting revenues of...

Tuesday, October 1, 2019, 08:00:40 AM

RavenQuest BioMed Implodes, Robinson Resigns And Withholds Corporate Records

RavenQuest BioMed (CSE: RQB) has finally imploded. The company announced this morning that the CEO...

Friday, May 1, 2020, 12:57:39 PM

RavenQuest Edmonton Facility Sees Cannabis License Revoked

RavenQuest BioMed (CSE: RQB) has lost its license to cultivate cannabis for its Alberta Green...

Friday, March 20, 2020, 12:02:59 PM

RavenQuest Biomed’s Financials Reveal Key Issues

RavenQuest Biomed (CSE: RQB) put out its latest financials after the close on Friday, recognizing...

Tuesday, July 2, 2019, 07:00:26 AM

RavenQuest Sees Alberta Green Biotech Assets Seized – In January

By all accounts, it appears that RavenQuest BioMed (CSE: RQB) wasn’t exactly forthcoming in their...

Friday, March 6, 2020, 12:00:00 PM